it's unclear why arnal may have taken his own life. cnn there was no note left behind but the investigation is ongoing this morning. >> keep us posted, please. thank you. >>> if you or someone you know needs help, you can reach the suicide and crisis lifeline by dialing 988. >>> an airport worker is charged after stealing a plane and threatening to crash it into a mississippi walmart. the latest on why he did it. >>> plus, a lawsuit accusing a black lives matter executive of siphoning millions of dollars from the organization. we will have the details next. only at vanguard, you're more than just an investor—you're an owner. we got this, babe. that means that your dreams are ours too. and our financial planning tools can help you reach them. that's the value of ownership. we're rvana we created a brand new way for you to sell your car go to carvana answer a few questions and our techno wizardry calculates your car's value and gives you a real offer in seconds we'll come to you pay you on the spot then pick up your car that's it at carv

>> reporter: the nypd have identified him as gustavo arnal.r bed, bath and beyond and that he died after jumping from his luxury high-rise apartment in manhattan on friday. no suicide note was discovered and records showing he was appointed to his executive position just back in 2020. we should mention that arnal was recently named as a defendant in a class-action lawsuit just this past august . in it, it accused arnal and other large shareholders of being involved in a scheme to inflate the stock. bed, bath and beyond releasing a statement, a portion of it reading the entire bed, bath and beyond inc. organization is saddened by this loss. our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. again, that is a statement from bed bath & beyond. they have been in deep financial turmoil, even recently announced they would lay off 20% of corporate employees and close 150 of their stores in an effort to avoid bankruptcy. the company has said it is in the process of securing more than $5

chief financial officer gustavo arnal died on friday, after falling from his high-rise apartment. death came just days after the troubled retail chain announced it is closing stores and laying off workers. arnal was sued by shareholders last month over accusations of artificially inflating the company's stock, and then selling it. a top-level changing of the guard will take place in britain tuesday when liz truss becomes the new prime minister. truss, who's been serving as britain's foreign minister, was voted in by conservatives to take over for scandal-scarred boris johnson. truss and johnson will meet with the queen tomorrow at her vacation home in scotland to make it official. well, still ahead, foo fighters make an emotional tribute to the stage, as they return after the passing of their late drummer. make an emotional tribute t x mi. this is my life. it's not always “picture perfect.” plus i'm dealing with bleeding from uterine fibroids. enter myfembree, a once-daily pill for women with heavy menstrual bleeding due to uterine fibroids. with myfembree, heavy bleeding went dow

arnal was reportedly named in a lawsuit accusing him of fraud and insider trading. just days ago, bed bath & beyond announced it was closing 150 stores and laying off staff. >>> jackson, mississippi's, mayor says the city is days away from having a boil-water alert lifted. the order was in effect prior to problems at the city's main water treatment plant caused by last month's flash floods. the mayor also says the city's water pressure has been restored. however, he cautioned the system still faces challenges due to decades of neglect. >>> and more than 2,000 residents of a new york city housing complex have been told not to drink their water due to dangerous levels of arsenic. officials say no contamination has been found in the neighborhood surrounding the jacob riis houses in manhattan's east village. the city is trying to determine the cause. some residents say they noticed problems last month. >>> former president obama has a new addition to his trophy case. his first emmy award. >> he won the best narrator prize at the creative arts emmy for the netflix show "

this morning, police are investigating the death of bed bath & beyond cfo gustavo arnal.ve dying by suicide plunging from this luxury high-rise in downtown manhattan friday. arnal's death coming days after the struggling retail giant announced it would close around 150 stores and lay off a fifth of its employees. >> they had about $100 million in cash and they burned through over $300 million in cash in the previous quarter and they were about to run out of cash. so they desperately needed to both cut costs and to raise more money somehow. >> reporter: this on top of the $1.2 billion stock fraud lawsuit facing bed bath & beyond. arnal named as a defendant in that class-action lawsuit, along with investor ryan cohen and others. the defendants accused of artificially inflating the company's value. when cohen bought nearly a 10% stake in the company and then sold it for a huge profit a few months later. >> they were both sued for essentially what's called a pump and dump scheme where they drive up the stock artificially so that they can sell it and make a profit. >> reporter

appreciate it very much thanks >>> we want to turn to some sad news, bed bath & beyond's cfo gustavo arnalriday. our courtney reagan has more. >> the tragic news of the death of bed bath & beyond's cfo -- it's lifting laura crossen, and just last week the retailer did detail the go-forward plans that exclude large layoffs, store closures and financing i confirmed the various financing facilities were finalized as of september 1st, ahead of arnal's death about 40% of shares are held short, and volatility does remain high. some investors filed a lawsuit accusing ryan cohen and arnal of artificially up flating bed bath & beyond's price and personally benefiting. in a filing last month, bed bath & beyond said it was evaluating the complaint, but believes the claims are without merit and would not comment on litigation when asked by cnbc. it is mentioned that bed bath & beyond does show it's the most mentioned individual name in the last day, with mentions spiking on the news of arnal's death the discuss does lead toward holding on to shares, or those call options, believing presumably the shar

so you can be him, legally change your name so arnal. i just gave you-- 150 billion, you're welcome, everybody, thank you very much. >> trevor: michael kosta, everybody. (applause) i don't think this is real financial advice but when we come back we're going to learn about black animator. so don't go away. (vo) red lobster's finer points of fun dining when mouth is full, and shrimp is endless, the "booth bow" is the proper way to say "shrimp me!" ultimate endless shrimp is back, now with argentine red shrimp. welcome to fun dining. have you seen my new phone yet? it like, folds in half. i would never switch to samsung, i love my phone. what??? ♪♪ (...it folds in half.) you see i love my phone. i would never switch to samsuuu... (gasping) ♪♪ enjoy! oooo, tostitos. can you grab the baby gifts? yeah. walk to mommy. (celebrating) what did i miss? she took her first steps! can she do it again? her first steps?? for me??? i missed it? i stepped away from the bowl for two seconds. i was supposed to read a poem. we're good. ok, i'm telling you,

arnal was named as part of the class action lawsuit on allegations of artificially inflating the stockock sales in question were preplanned as part of the agreement he signed in april in the august filing, the company said it was evaluating the complaint, but believes it is without merit bed bath would not comment when asked by cnbc. shares are down 16%. >>> let's stay on retail companies turning from back to school to return to office to the holiday season shifting consumer habits and inventory glut piling on to a tough year the retail etf down 30% in 2022. for more, let's bring in dana telsey chief research officer at the telsey adviser group before we move on to the holiday season, i know it is not in your coverage, but the telsey group covers bed bath & beyond anything we heard over the weekend from the death of the chief financial officer have implications or anything with the financing of the company >> the company just gave out detailed strategy call on wednesday about the game plan for the go forward i don't think the tragic events of the weekend impact the results of what the

chief financial officer gustavo arnal died friday after falling from his high-rise apartment.arnal was sued by shareholders last month over accusations of artificially inflating the company's stock and then selling it. >>> a top-level changing of the guard will take place in britain tuesday when liz truss becomes the new prime minister. truss, who's been serving as britain's foreign minister, was voted in by conservatives to take over for scandal-scarred boris johnson. truss and johnson will meet with the queen tomorrow at her vacation home in scotland to make it official. >>> still ahead, foo fighters make an emotional tribute to the stage as they return after the stage as they return after the passing of their late drummer. ay yo! check this axe with 48-hour protection! ♪♪ ♪press the button right there♪ ♪to let the doors in♪ ♪go hard all year,♪ smell fresh as fresh, no matter what. hi, i'm denise. i've lost over 22 pounds with golo ♪go hard all year,♪ in six months and i've kept it off for over a year. i was skeptical about golo in the beginning because i've tried so many di

so you can be him, legally change your name so arnal. i just gave you-- 150 billion, you're welcome, everybody, thank you very much. >> trevor: michael kosta, everybody. (applause) i don't think this is real financial advice but when we come back we're going to learn about black animator. so don't go away. my crypto is down. no corner. trust, this will move. do the fragging seed. press...press. hit me! i got my alt. that's 472hp and 395 pound feet of torque. what's up with this team sheet? inverted fullback and a false 9? the limited slip diff lets you hammer the throttle. you don't get it, till you go all in. bloggers! stick it in the onion bag. the lexus is, all in on the sport sedan. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. stick it in the onion bag. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the pe

. >>> segÚn las autoridades gustavo arnal telemundo. no dejÓ ninguna o nota.esuepecial 24 horas del dÍa. en materia polÍtica proponer un candidato y explicar sus deberes como cuesta federal en la florida luego de que el equipo legal del pr presidente donald trump so solicitara este perito para los documentos requisados y asÍ d detectar material sujeto... se le prohÍbe al departamento de just expresidente ha hecho en el pasado. es tratar de buscar cÓmoicia re incautados con fines de i investigaciÓn criminal >>> es una estrategia que el presidente ha hecho en el pasado tratando de retrasar el proceso porque si el proceso nunca se lleva a cabo nunca lo llevan la. los trabajadores de comida rÁpida en california celebraron el dÍa del trabajo con una nueva ley que los protege. el culpable >>> lo que no se pausa en la revisiÓn de los documentos el posible impacto en la seguridad nacional. los trabajadores de comida rÁpida en california celebraron el dÍa el trabajo con una nueva ley que los protege. el gobernador camine han ratifica quince a 22 dÓlares por hora para e

arnal was in the middle of that. what is kind of baffling with the people i spoke with, these are people that worked on the restructure deal that he did. this is kind of a good thing he did. he achieved something remarkable in a short period of time. they got whacked with ryan cohen selling the stock. they have problems on the balance sheet. he didn't cause them. it is the business itself. liz: he took over as they were in big trouble. >> right. all this stuff is going on. he pulls off a fairly significant restructuring. they got lending t was a process led by jpmorgan and they have creditors that wanted part of it. obviously they have decent terms. they have first lien on the assets and retail assets apparently i've been told are something you want to lend money to because you can sell them if you have to take over the company in a bankruptcy. so he achieved something really good. there is potential for a stock sale a stock offering going forward with jefferies. all the stuff came together. he is the cfo he is in th

police officials say 52-year-old gustavo arnal fell from his manhattan highrise apartment friday afternoonbefore his death the plan was to cut 150 stores and cut staff. >>> on wednesday, apple will kick off it's tradition unveiling an iphone 14 and other new gadgets. apple will host the event from its headquarters in cupertino, california, ahead of the holiday season rush. >>> and amazon announced a new record for prime video for its most-watched premiere ever. "the lord of the rings: the rings of power" garnered over 25 million viewers on its first day. the series debuted globally on friday. >>> that's your cbs "money watch" report for this monday morning. i'm dan lieberman, cbs news, new york. >>> it was a star-studded musical gathering in london this weekend. the foo fighters took the stage for a concert honoring their late drummer taylor hawkins. ♪ it's times like these you give and get ♪ >> lead singer dave grohl became emotional during the performance. he wiped away tears while singing "times like these." one highlight of the evening came after hawkins' son got behind the drums. ♪ th

the suit says arnal sold just over 55,000 shares of the stock before they plunged in value. shareholders who held on lost $1.2 billion, according to the filing. days before arnal's death said they are closing 150 stores and cutting 20% of the workforce. according to the new york post, he did not leave behind a note or say anything to his wife before leaping from the couple's 18th floor apartment balcony. he lived in the trendy tribeca neighborhood in a high rise, dubbed the jenga building. bed, bath and beyond says he will be remembered for his leadership, talent and stewardship of the company, rich. >> rich: thanks very much. molly. >> cops say they got the guy who kidnapped a mother of two in memphis but eliza fletcher is still missing. charles? >> good afternoon, molly. police say 38-year-old convicted felon cleotha astbon is in custody. he is charged with her disappearance, they found a gma terrain occupied by abston, allegedly used in fletcher's abduction last week while she went for a run on the university of memphis campus. according to an affidavit, a cell phone belo

its head of accounts to an interim chief financial officer following the soucie of its cfo gustavo arnal. the stock closed down 20% yesterday. >>> high inflation hits consumers and businesses that's according to the deutsche bank's ceo speaking at a summit in frankfurt he said they need to act quickly, adding, quote, the longer inflation remains high, the greater the strain and the higher the potential for social conflict these were some pretty ominous words, seema. >> there it is again, the "r" word. >>> two areas getting hit hard in recent days first, tech. it's extending its longest losing streak today, down seven sessions in a row. tracking the etfs like qqq also down sharply in the past month and year the risk off trade in bonds as well, specifically high yield, take a look at the jnk and hyj "the wall street journal" highlighting the financial pain across the junk-loan market with them hitting their highest levels since october of 2020, with more expected in the weeks ahead. for more let's bring in the founder and ceo and cnbc guest i'll start with you. any cause for concern as to

after what has now been confirmed as a suicide of chief financial officer gustavo arnal.e plunged to his death from a new york city skyscraper on friday and left no note and was named with gamestop chairman ryan cohen in a class action lawsuit that the two inflated the company's value in a "pump and dump scheme". the retailer appointed chief accounting officer laura crossen as the chief financial officer. bed bath and beyond secured $500 million in new financing and aimed out a series of moves at reviving the business. the stock popped at that and since then continued to fluctuate up and down wildly from session to session. it stands right now at $6.90. digital world acquisition, dwaq failed to get enough votes to extend the deadline for the merger with donald trump's truth social. dwaq set a september 8 deadline to take the former president's social media platform public. it has since then warned investors that trump's volatile popularity could be a risk to the deal. in addition both dwaq and trump media are under investigation for possible federal violations. top gun ma

police responded to a scene in lower manhattan on friday where a man later identified as gustavo arnalck is down 43% this year. just two days before his death, the company announced plans to shutter 150 of the u.s. stores. and cut 20% of its staff. >>> and this news comes at the start of national suicide prevention week. with us now is clinical psychologist dr. emily anholt, from the companycoa, which is described as an online gym for mental health with fitness classes and i love this idea because we talk about how important it is to take care of your body and go to the gym and work out but mental wellness is equally if not more important and your company is based around the seven traits of emotional fitness. you could describe what those are? >> absolutely. so we're working to make mental health care as proactive and successful and community based as physical fitness is and we due do this threw the seven straights of emotional fitness. these are the seven things that emotionally healthy people are working on all of the time. self-awareness, empathy, mindfulness, curiosity and placeful

. >>> we have sad news from over the weekend with bed bath & beyond the cfo arnal dying but sueicid on friday. he had been one of the few senior executives to stay in his role at the company after a management shakeup that started in late june arnal joined the company in 2020 from avon. he also spent 20 years at p&g. he was 52. the company is expected to report an interim finance chief. in the meantime, the stock is down 16% >> a terrible story. look, nobody knows and everybody is speculating the stock down thing truth is, call a spade a spade. people are speculating they are cooking the books or something happened was he under pressure? i don't think we have any of the answers. i know a lot of people reporting, including myself, who could not get to the bottom of what really happened you don't know what was happening in his personal life >> anything beyond personal life is a leap to make if you have nothing to go on with that the company has been in the news a lot. there are all those questions. that's a drastic -- that sounds like to finally come to that point in your life, i don't k